Shares of Cochin Shipyard Ltd are set to remain in focus on Tuesday, February 17, after the company announced that it has been declared the L1 bidder for a major defence contract valued at approximately ₹5,000 crore.
In an exchange filing on Monday, the company stated that it emerged as the lowest bidder in a tender floated by the Ministry of Defence for the construction of five Next Generation Survey Vessels for the Indian Navy. The estimated total order value of the project stands at around ₹5,000 crore.
Contract Subject to Final Formalities
The company clarified that the final award of the contract will be subject to the satisfactory completion of necessary formalities. Further updates will be provided in due course once the process is completed.The project, once formally awarded, is expected to strengthen Cochin Shipyard’s position in India’s defence shipbuilding segment.
Q3 FY26 Financial Performance
Cochin Shipyard had reported its third quarter earnings last month, reflecting mixed financial performance.- Net profit declined 18.3 percent to ₹144.6 crore from ₹177 crore in the corresponding period of the previous year.
- Revenue rose 17.7 percent to ₹1,350.4 crore compared with ₹1,147.6 crore a year ago.
- EBITDA fell 21.5 percent to ₹186.6 crore from ₹237.6 crore in the third quarter of the previous fiscal.
- EBITDA margin contracted to 13.8 percent from 20.7 percent in the year ago period.
Stock Performance
Cochin Shipyard shares ended the previous session 0.2 percent higher at ₹1,475 apiece. The stock has declined 14.3 percent over the past six months, while it has gained 21.3 percent over the past year.The ₹5,000 crore Indian Navy contract development places the stock in sharp focus as investors track further updates on the formal award of the project.
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